8 Signs You’re Ready to Stop Renting

and Buy a Home

Renting a place to live may give you the freedom to move when you want and relieve you of the responsibilities of homeownership, but at some point, most people yearn for their own home.

Buying a house is a good way to start building financial security. Mortgage rates are low right now, so if you think you’re ready to buy a home, it’s a good time to make the move. …READ MORE

Should You Buy a Stale Listing?

Pros and Cons of Buying a House With a High DOM

A real estate listing can tell you an awful lot about a home, beyond just the price—essential stats like the year the property was built and the price per square foot. But one of the most important numbers to be aware of is the...READ MORE

The Miami Springs & VG markets continue to be strong.

Inventory remained stable.

This is good for buyers and sellers

39 active listings this week, with 8 new ones

5 closed sales this week

11 listings under $400,000

13 active listings are priced over $500,000

2 properties are listed over $1,000,000.

21 active listings have had a price reductions (2 this week).

What does this mean? Usually, the property was overpriced from the beginning. The sellers are recognizing the market is changing. Prices are not increasing as fast as the last several years. Sellers should not miss potential buyers and deal with increased competition.

Some experts and some buyers are concerned about a possible recession next year.

The Feds expect another rate reduction this year.

Prices remain strong.

Mortgage Interest rates remain low.

Sellers that haven’t been able to sell their property in this market should re-evaluate their pricing, strategy and adjust accordingly based on their market circumstance.

Timing is everything. If you re on the fence about selling, get off and put your house on the market.

During the period of October 25, 2019, through November, 1, 2019 there were reported 8 new listing, 5 closed sales, 3 pending sales, 0 actives with contract, 1 expired listings, 0 cancelled listings, 0 Temp off market, 2 price reductions and 1 price increase. Interest rates remain low. A GREAT TIME TO BUY OR SELL.

Attention Sellers!

Low Inventory + Low Interest rates + Increasing prices = Sellers Market.

The Market will change. Act Now!

The table below shows the current status of the Miami Springs/VG real estate market as of Friday, November 1, 2019. All closed sales are within the last 90 days.

HOW DOES YOUR HOUSE COMPARE?

*Disclaimer: The data relating to real estate displayed on this website and the chart above comes from the Miami Board of Realtors MLS. All listing information is deemed reliable but not guaranteed and can be independently verified.

A complete list of all the properties for sale in Miami Springs or any other area of Miami-Dade County can be sent to you on regular basis. Request it at: charlie@leonardrealestategroup.com

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